Warren Buffett Bought Alphabet Stock Last Year. He Might Buy This Megacap Stock Next, Says a Wall Street Expert.
With Netflix trading at its cheapest valuation in three years, the streaming stock could pique Warren Buffett's interest.
Overview
Warren Buffett stepped down as Berkshire Hathway's CEO last December, but he is still involved in investment decisions for the company. For instance, Berkshire bought stock in Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) last year and has continued to buy shares this year, and Buffett, not current CEO Greg Abel, initiated the investment.
Which company will draw Buffett's attention next? One Wall Street expert says the answer might be Netflix (NASDAQ: NFLX), a megacap stock worth $305 billion. With shares down 41% from the high, the valuation is cheap enough that it may be on Buffett's radar, according to Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management.
Details
Here's what investors should know.
Source
Originally published at www.fool.com.